Curacao is among the oldest and the politically steady gaming license providers and this company regulated gaming way back in 1993 and is among the earliest jurisdiction that decided to legalize online gambling.
18, March 2017: Curacao is among the oldest and the politically steady gaming license providers and this company regulated gaming way back in 1993 and is among the earliest jurisdiction that decided to legalize online gambling. The company has become a popular as well as respectful jurisdiction for online gaming operators.
Among the major advantages associated with Curacao is the reality that there’s no VAT in this region and the corporate income tax charge is limited to two percent and aside from that, there’s no tax on the bets and there are no import liabilities and sales tax. Online gaming became the main industry for this area in 2002 if the regulation isolated the online gaming from the control board of Curacao on gaming. This region is providing an extremely appealing environment for the international online betting operators since Curacao is providing just one form of license - gambling license Curacao that includes all of the online gaming products that include skill games, casino and sports betting.
Curacao comes with two forms of gambling licenses and these are the master license and the sub-license. Whilst these two include gaming operators & permit similar essential privileges for e-gaming businesses, there’s a distinction between these two. Through attaining the Master license, the operator will be able to provide sub-licenses, but the holders will not be capable of providing sub-licenses. The master license is providing the license for an online gaming company and it offers the chance to enable a third party over a sub-license and that will be subject to a responsibility & covenants under the power of a Master license and Curacao gaming license cost is very reasonable.
To get a Master license, the choice to approve the request will be solely in the discretion of the Minister of Justice, depending on the documentation sent by the Netherlands Antilles advice. It became very hard to secure a master Curacao betting license. For the sub-license, whilst it provides similar privileges to carry out online gaming activities on an authorized manner, the sub-license doesn’t enable the holders to offer a sub-license to a 3rd party.
The operator will be obliged to register the business in Curacao, and with the help of the local administrator, the business would become a e-zone firm to benefit from a 2 percent corporate tax. One of the requirements when trying to obtain a Curacao gaming license is hosting of at least of the backup of a customer & transaction database in the region.
To learn more about Curacao gaming license, please do not hesitate to visit the website.
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